A FTT is an efficient and progressive revenue source. The rise of finance has been largely at the expense of other economic sectors, and that a well-designed FTT is also a very useful tool for shrinking the unproductive parts of this sector.

The disgraceful history of voter disenfranchisement is no secret. For more than a century, African Americans (and other marginalized groups) were restricted or evendisqualified from voting. Today these practices are formally outlawed, yet we still see patterns in voter turnout that indicate that voting discrimination is alive and well. Non-voters also tend to be younger, less educated, and less affluent than their voting counterparts.

Using policy to shift economic power and make U.S. incomes grow fairer and faster. Boosting income growth for the bottom 90 percent requires a policy agenda that explicitly aims to halt or reverse the rise in inequality. Finding no relationship between rising inequality and faster growth means raising living standards for the bottom 90 percent can likely be better for overall growth.

books

This new book examines the relationship between those gains in living standard, which have produced a rising middle class, and the stagnating standards of living that have become characteristic of wealthy countries. Dean Baker takes a critical look at this important contribution to the inequality debate.